Pabst Brewing Company has been sold to C. Dean Metropoulos as of Friday. The purchase price was not disclosed, but has been estimated to be around $250 million. Mr. Metropoulos is a consumer products veteran whose previous purchases include Chef Boyardee, Bumble Bee canned tuna, Swanson frozen dinners, and Vlasic pickles.
A list of Pabst Brewing Company's stable of viable regional breweries and brands include:
1. F&M Schaefer Brewing Company
Schaefer
2. G. Heileman Brewing Company
Carling Black Label
Blatz
Champale
Colt 45
Coqui 900
Kingsbury
National Bohemian
Old Style
Schmidt
Special Export
Stag
3. Joseph Schlitz Brewing Company
Old Milwaukee
Schlitz
Schlitz Malt
4. Lone Star Brewing Company
Lone Star
McSorley's
5. Pabst Brewing Company
Jacob's Best
Olympia
Pabst Blue Ribbon
6. Pearl Brewing Company
Ballantine
Country Club
Falstaff
Pearl
7. Piel Brothers
Piels
8. Primo Brewing & Malting Co.
Primo Island
9. Rainier Brewing Company
Rainier Beer
10. Stroh Brewery Company
Silver Thunder Malt Liquor
Stroh's
St. Ides
Personally, I think the Metropoulos' made a shrewd purchase that will deliver solid sales and profits. This business will be worth 10 times the amount he paid for it in a decade.
I heard somewhere that Pabst Brewing Company had 30 employees. From what I've seen recently, Pabst could be run by two people, tops.
Monday, June 28, 2010
Pabst Brewing Company Sold, Thank Goodness!
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